An Empirical Examination of IPO Underpricing in the Chinese A-Share Market

An Empirical Examination of IPO Underpricing in the Chinese A-Share Market

Research in the literature shows that initial public offerings (IPOs) of common stocks are systematically priced at a discount to their subsequent initial trading price. The large underpricing magnitude in the Chinese IPO market has attracted much attention. We consider three hypotheses that may exp...

Full description

Saved in:
Bibliographic Details
Main Authors: YU, Ting, TSE, Yiu Kuen
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2003
Subjects:
Initial public offering
Ex ante uncertainty
Signaling
Winner's curse
China
stock market
Asian Studies
Econometrics
Finance
Online Access:https://ink.library.smu.edu.sg/soe_research/684
https://ink.library.smu.edu.sg/context/soe_research/article/1683/viewcontent/Tse_TY.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/684
https://ink.library.smu.edu.sg/context/soe_research/article/1683/viewcontent/Tse_TY.pdf

Similar Items